CULTURECOM HOLD (00343) successfully issued 65.419 million shares, raising approximately 68.9 million Hong Kong dollars net.

CULTURECOM HOLD (00343) announcement release, all conditions stated in the subscription agreement have been met, and the subscription matter was completed on May 22, 2026 in accordance with the terms and conditions of the subscription agreement. A total of 65.419 million shares of subscription shares (accounting for approximately 3.92% of the company's fully issued share capital immediately prior to completion, and approximately 3.78% of the company's fully issued share capital after the issuance and issuance of all subscription shares) have been allotted and issued to subscribers. The total amount received from the subscription matter is approximately HK$69.9 million. The net amount received from the subscription matter is approximately HK$68.9 million. The company intends to use the net amount received from the subscription matter for its operating funds, with approximately HK$2.7 million to be used for professional fees, approximately HK$1.7 million for salary and allowances, approximately HK$400,000 for rental expenses, and the remaining approximately HK$2.1 million for other general expenses. It is expected that the net amount received from the subscription matter will be fully utilized by the end of 2026.